Card Disclosure

On the record for Card Disclosure 187: a 12.75% purchase APR, a $35 annual fee and a 21% penalty rate, filed by TIB, National Association. Against the 4,587 filings on this site, that rate lands around the 9th percentile.

What this filing discloses

This page covers the agreement TIB, National Association filed for Card Disclosure 187. The filing runs four pages.

Terms captured from the document include a purchase rate, a cash advance rate, a penalty rate, an annual fee line and a late payment maximum. No figure appears for a balance transfer rate and a foreign transaction fee.

The purchase APR against the corpus

At 12.75%, the purchase APR falls at roughly the 9th percentile of the 2,280 filings indexed here, which is comfortably below what most issuers filed.

The filing marks this rate as variable, which means it moves with the index the agreement names rather than staying where it is quoted today.

The arithmetic of revolving

The purchase rate turns a $2,500 revolving balance into roughly $340 of annual interest.

Priced at the median of 21.99%, that balance would generate about $615 in a year — so this agreement comes in around $275 cheaper for the same debt.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

What the card costs before you borrow

Holding the card costs $35 a year before any transaction takes place — about the 82nd percentile among agreements in this index that state a fee.

Taking cash against the card means a cash advance APR of 14.75%. The premium over purchases is 2 percentage points.

The no-interest path

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. That matches the 25-day median across the corpus almost exactly.

What a missed payment costs

If the account defaults, the filing permits a rate of 21%. Among disclosing agreements here that ranks near the 29th percentile.

That is 8.25 points above the standard purchase rate. On a $2,000 balance, the shift from 12.75% to 21% adds something like $195 of interest over a year — the real cost of the default, quite apart from the fee itself.

$25 is the disclosed ceiling on a late payment fee, placing it near the 32nd percentile of the set.

Against the rest of TIB, National Association's filings

There are 52 filings from TIB, National Association in this index. Their disclosed purchase rates run from 9.25% to 17.49%, and this one at 12.75% is more expensive than 11 of them.

The limits of this document

This page cannot tell you balance transfer terms and a foreign transaction fee, because the filing's disclosure table as read does not contain them.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Reading the agreement yourself

Everything here is a reading of the filed agreement, four pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

The purchase rate of 12.75% is one of the cheaper figures in this index — the central point in the agreement's favour. The $35 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves.